Ladd v. Pigott
Supreme Court of Missouri
Appeal from Cooper Circuit Court. — Eon. Wm. E. Martin, Judge. (1) Pigott’s acts from the death of Trigg were not authorized, and he is entitled to no compensation for services rendered since then. The giving of a bond, as required by the judgment of the circuit court, was “a condition precedent to his occupancy of the trust.”
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Appeal from Cooper Circuit Court. — Eon. Wm. E. Martin, Judge. (1) Pigott’s acts from the death of Trigg were not authorized, and he is entitled to no compensation for services rendered since then. The giving of a bond, as required by the judgment of the circuit court, was “a condition precedent to his occupancy of the trust.” Tracy v. Railroad, 13 Mo, App, 299 ; Davis v. Bank, 78 Minn. 409. The law is well settled in this and some other States that a trustee is entitled to a reasonable compensation for his services rendered in the management and control of a trust estate. “The compensation…
1Opinion of the CourtWoodson, J.
This cause originated in the circuit court of Cooper county by appellants filing* therein exceptions to the final settlement made by the ad*364ministrator of the estate of John T. Pigott, deceased, trustee of certain funds willed by Joseph L. Stephens to his widow, Fannie E. Stephens, since intermarried with her coappellant, W. M. Ladd.
Since the facts of the case are fully and clearly stated by counsel for respondent, we will adopt that statement as the statement of the case. It is as follows:
“The sole controversy presented by this appeal is concerning the compensation of John T. Pigott, now…
2Cases cited1 opinion
- Bowker v. PierceMassachusetts Supreme Judicial Court · 1881
3Cited by6 opinions
- In Re BuderSupreme Court of Missouri · 1949
- Commercial Trust Co. of N.J. v. SpiegelbergNew Jersey Court of Chancery · 1934
- Agnew v. CommissionerUnited States Tax Court · 1951
- Muzzy v. MuzzySupreme Court of Missouri · 1953
- Marshall v. St. Louis Union Trust Co.Missouri Court of Appeals · 1922
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